20
Dec
14:25
US scrap market awaits January-trading price drop
Approaching January trading, sentiment is seen to have turned bearish in the US scrap market amid weak export markets, lower pig iron imports and decreasing global steel prices.
Most market participants are expecting significant price drops for all grades during January trading.
A US supplier tells Kallanish: “There has been a scrap surplus in December. This, coupled with falling prices in export destinations, is increasing the pressure on scrap prices. We…
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Anonymous
Very good overview of the weekly steel market.
Anonymous